Hamline - Midway Industrial

Hamline - Midway

Office Space Market Report

Number of Listings (last 90 days)
9
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
1,540
As of: July 21, 2017

Hamline - Midway Rates

On average, listings lease in the $20's per square foot per year. The Hamline - Midway region is going through a a rise in rates. In the last 3 months, the median rate went up $24 per sqft per year.

Hamline - Midway Listing Supply

In the last 90 days, 9 listings have come on the market, which means new listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 22% of the office spaces in the Hamline - Midway are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,540 sqft. Most properties in this area are around 3 stories. Most buildings in this market were built in 1948 and are Class B.

Hamline - Midway Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Hamline - Midway residents. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Hamline - Midway.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Hamline - Midway.
Research